Signage is displayed outside the Pension Benefit Guaranty Corp. (PBGC) building in Washington, D.C., U.S., on Wednesday, April 24, 2019. (Photo: Andrew Harrer/Bloomberg)
The Pension Benefit Guaranty Corporation (PBGC) said today it will let single employer plans delay variable-rate premium contributions as part of the Trump administration's efforts to aid the COVID-19 economic recovery.
For premium filings due on or after March 1, 2020, and before January 1, 2021, the date by which "prior year" contributions must be received by the plan to be included in plan assets will be extended to January 1, 2021.
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